Question

veer sold a pen at rs 128. and cost of rs x. if he gains (x-20)% in this transaction , then at what price veer should sold the pen to get profit of 40%​

Answer 1

Answer:

SP of the article is = Rs 480 and Profit = 20%

So by using the formula, CP = 100/(100+Profit%) x SP

CP = 100/(100+20) x 480

= 100/120 x 480

= Rs 400

Hence the CP of the article is Rs 400